‘The billionaire helping to bankroll Extinction Rebellion became the world’s top hedge fund manager last year thanks to major investments in firms hit by environmental scandals.
Sir Chris Hohn, who has donated £200,000 to the controversial climate change pressure group and is feared in City boardrooms for putting pressure on companies, saw his investment firm join the ranks of the world’s largest hedge funds last year after a stunning performance.
TCI Fund Management, which is owned and run by Hohn, added $8.4billion (£6.4billion) in value last year – more than any other major hedge fund according to LCH Investments – taking its assets under management up 39 per cent to $30billion.
But The Mail on Sunday can reveal that the winning streak involved huge bets on companies that have been embroiled in environmental scandals. They include Canada’s two biggest rail firms which have been fined in recent years for their failings.’
Read more: Climate rebel tycoon nets tainted millions: How Extinction Rebellion’s British hedge fund backer profits from ‘dirty’ firms